Agile Robots becomes a unicorn

The Munich-based robotics start-up receives money from Softbank, among others. Several Chinese industrial giants are also participating in the Series C financing round.

Germany has another unicorn: the robot start-up Agile Robots broke through the one billion US dollar valuation mark with the conclusion of its Series C financing round. This amounted to 220 million US dollars. The Japanese Softbank Group is leading the round via its Vision Fund 2. Other participants include Chimera Investments, GL Ventures, Sequoia China, the Xiamoi Group and Foxconn International Internet.

Agile Robots is a spin-off of the German Aerospace Center. Zhaopeng Chen and Peter Meusel are behind the company. With their company, founded in 2018, they want to produce robotic arms that can perform a whole range of tasks. Agile Robots' products are already being used by smartphone manufacturer Foxconn, among others.

"Agile Robots combines artificial intelligence with advanced robotics technology to solve some of the industry's toughest problems and is the latest example of our continued support for the growing technology sector in Europe and China," said Eric Chen, Managing Partner at Softbank Investment Advisers. The Munich-based company will now use the newly raised funds to accelerate series production and expand its sales structures.